NOT LISTED FOR SALE

3110 W 59th St Chicago, IL 60629

Gage Park Neighborhood

Estimated Value: $1,385,134

16 Beds
15 Baths
-- Sq Ft
0.29 Acre Lot

Sale Details

Date Sold: November 4, 2024

Last sale price $1,300,000

Est. 7% increase in value since last sale

Current estimated payment $9,348 / mo

36 Days on Market

Highlights

  • 12,500 Sq Ft lot
  • Courtyard
  • Heating Available

About This Home

As of November 2024

Welcome to an exceptional investment opportunity! This newer brick building features 13 apartments and a bonus restaurant space, providing multiple streams of income. With an iron fence in front, the property offers security and curb appeal. Tenants pay utilities, maximizing profitability for the savvy investor. The building comprises 10 one-bedroom apartments, 3 two-bedroom apartments, and a commercial space, catering to various rental needs. Don't miss out on this fantastic money-making opportunity - call now to schedule a showing!

Last Agent to Sell the Property

Maria Castillo

RE/MAX Mi Casa License #475122116 Listed on: 05/23/2024

RE/MAX Mi Casa

Last Buyer's Agent

Zahara Bazigos

Keller Williams Infinity License #475184286

Keller Williams Infinity

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,392

Year Built

  • Built in 1966

Lot Details

  • 12,500 Sq Ft Lot
  • Lot Dimensions are 125x100

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 15 Bathrooms

Outdoor Features

  • Courtyard

Utilities

  • Heating Available
  • Separate Meters

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 14 Units

Building Details

  • Electric Expense $2,024
  • Fuel Expense $10,716
  • Insurance Expense $4,796
  • Trash Expense $1,966
  • Water Sewer Expense $12,015
  • Operating Expense $57,410
  • Gross Income $173,100
  • Net Operating Income $116,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,392

Year Built

Built in 1966

Lot Details

0.29 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Courtyard
  • Stories: 2
  • Year Built: 1966
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,Show-Call Listing Office
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 15
  • Total Bedrooms: 16
  • Basement Description: Crawl
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Electric,Separate Per Unit

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 1966
  • Water Sewer Expenses: 12015

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 125X100
  • Lot Size Sq Ft: 12500
  • Zoning: COMMR

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 116100
  • Fuel Expense: 10716
  • Insurance Expense: 4796
  • ElectricExpense: 2024
  • GrossIncome: 173100
  • NumberOfUnitsTotal: 14
  • OperatingExpense: 57410
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 22392
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2024
Closed on
Nov 1, 2024
Sold by
Bought by
Seller's Agent
Maria Castillo
RE/MAX Mi Casa
Buyer's Agent
Zahara Bazigos
Keller Williams Infinity
List Price
$1,400,000
Sold Price
$1,300,000
Premium/Discount to List
-$100,000
-7.14%
Views
71
Current Estimated Value
$1,385,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,134
Avg. Annual Appreciation
1.77%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,300,000 Fidelity National Title
$540,000 Chicago Title Insurance Co
$340,000 --
-- First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,000,000
Previous Owner $200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/04/2024 11/04/24 Sold $1,300,000 -7.1% --
08/12/2024 08/12/24 For Sale $1,400,000 0.0% --
06/29/2024 06/29/24 Pending -- -- --
05/23/2024 05/23/24 For Sale $1,400,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $22,391 $99,800 $18,750 $81,050
2024 $22,391 $99,800 $18,750 $81,050
2023 $22,082 $101,013 $11,250 $89,763
2022 $22,082 $101,013 $11,250 $89,763
2021 $21,256 $101,013 $11,250 $89,763
2020 $20,467 $86,873 $11,250 $75,623
2019 $18,784 $86,873 $11,250 $75,623
2018 $18,528 $86,873 $11,250 $75,623
2017 $12,508 $54,000 $10,312 $43,688
2016 $11,797 $54,000 $10,312 $43,688
2015 $16,056 $79,608 $10,312 $69,296
2014 $16,361 $79,608 $10,312 $69,296
2013 $16,068 $79,608 $10,312 $69,296
Source: Public Records

Agents Affiliated with this Home

  • Maria Castillo

    Seller's Agent in 2024

    Maria Castillo

    RE/MAX

    (773) 251-0325

    20 in this area

    270 Total Sales

    Maria Castillo
    Section Image
  • Zahara Bazigos

    Buyer's Agent in 2024

    Zahara Bazigos

    Keller Williams Infinity

    (630) 536-9311

    1 in this area

    181 Total Sales

    Zahara Bazigos
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12064305

Midwest Real Estate Data (MRED)

APN: 19-13-125-039-0000

Illinois Cook County Chicago 60629 Gage Park

3110 W 59th St, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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